Goldman Sachs digital asset head says crypto rally driven by retail investors


The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

LONDON (Reuters) -The recent surge in cryptocurrency prices has been driven by retail investors, but institutions are starting to join in, Goldman Sachs' head of digital assets Mathew McDermott said on Tuesday.

Bitcoin, the biggest cryptocurrency, hit an all-time high of $73,794 last week and has gained 50% so far this year, pulling other crypto prices along with it.

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